EV Energy Partners, L.P. (EVEP) Stock Price Up 6.3%
EV Energy Partners, L.P. (NASDAQ:EVEP)’s share price shot up 6.3% during mid-day trading on Wednesday . The company traded as high as $2.35 and last traded at $2.35, with a volume of 261,075 shares traded. The stock had previously closed at $2.21.
Separately, Zacks Investment Research raised shares of EV Energy Partners, L.P. from a “hold” rating to a “buy” rating and set a $2.75 price objective on the stock in a research report on Friday, July 8th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. EV Energy Partners, L.P. presently has an average rating of “Hold” and an average price target of $7.03.
The firm has a market cap of $115.77 million and a price-to-earnings ratio of 2.21. The firm’s 50-day moving average is $2.46 and its 200 day moving average is $2.32.
EV Energy Partners, L.P. (NASDAQ:EVEP) last released its quarterly earnings data on Tuesday, May 10th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.15. The business had revenue of $38.30 million for the quarter, compared to analysts’ expectations of $52.29 million. During the same quarter last year, the firm earned ($1.25) EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities analysts expect that EV Energy Partners, L.P. will post ($1.22) earnings per share for the current year.
A hedge fund recently raised its stake in EV Energy Partners, L.P. stock. GSA Capital Partners LLP boosted its position in shares of EV Energy Partners, L.P. (NASDAQ:EVEP) by 131.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 362,400 shares of the company’s stock after buying an additional 205,700 shares during the period. GSA Capital Partners LLP owned about 0.74% of EV Energy Partners, L.P. worth $1,018,000 as of its most recent SEC filing.
EV Energy Partners, L.P. is engaged in the acquisition, development and production of oil and natural gas properties and all of its operations are located in the United States. The Company’s oil and natural gas properties are located in the Barnett Shale; the Appalachian Basin, which includes the Utica Shale; the San Juan Basin; Michigan; Central Texas, which includes the Austin Chalk area; the Mid-Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana; the Monroe Field in Northern Louisiana, and the Permian Basin.
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